Enhancing bond trading with machine learning and algo-techniques

Fixed income securities, specifically bonds, may not be as exciting as their equities equivalent but with a market size of US$100 trillion, trading in bonds easily reaches US$700 billion a day. Given the volume of bonds traded daily technology may hold the key in more efficiently trading products globally from any place in the world. Among the newer technologies that may influence the development of fixed income trading are big data, analytics and cloud. One Fintech startup that is taking advantage of the growing sophistication of technologies including big data analytics and algorithmic coding for the bond market, is BondIT Global, a 4-year old Fintech startup headquartered in Israel. According to Donald Chan, director for BondIT based in Hong Kong, the bond selling-buying process is a long and tedious process.…